Bloomin' Brands Signs Asset Purchase Agreement with Out West Restaurant Group
Acquiring Company
Bloomin’ Brands
Acquired Company
Cerca Trova Restaurant Group Holdings
TampaNew YorkFood and BeverageFood And BeverageHospitalityRestaurantsFood and BeverageHospitalityHotelDescription
Bloomin' Brands has entered into a stalking horse Asset Purchase Agreement to acquire substantially all assets of Cerca Trova Restaurant Group Holdings, Inc., which operates Outback Steakhouse restaurants. The transaction, valued at $26.3 million, will proceed subject to bankruptcy court approval. This acquisition aims to enhance operational insight and continuity in Out West's restaurant operations. Bloomin' Brands will also assume certain liabilities as part of the transaction.
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Frequently asked
Who acquired Cerca Trova Restaurant Group Holdings?
Cerca Trova Restaurant Group Holdings was acquired by Bloomin’ Brands, based in Tampa. The deal was reported on November 2, 2026. Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. Bloomin’ Brands is publicly traded (BLMN) and operates in Food and Beverage.
When did Bloomin’ Brands acquire Cerca Trova Restaurant Group Holdings?
Bloomin’ Brands's acquisition of Cerca Trova Restaurant Group Holdings was reported on November 2, 2026. Bloomin' Brands has entered into a stalking horse Asset Purchase Agreement to acquire substantially all assets of Cerca Trova Restaurant Group Holdings, Inc., which operates Outback Steakhouse restaurants. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Cerca Trova Restaurant Group Holdings do?
Cerca Trova Restaurant Group Holdings, Inc. operates as Out West Restaurant Group, which is an independently owned franchisee of Bloomin' Brands. It manages a chain of Outback Steakhouse restaurants primarily located in the western United States. It is privately held, operating in Food and Beverage, and is based in New York.
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